Part 1: Negotiation: getting the foundations right: Most problems in the management of commercial leased property arise because potential issues were not identified at the outset. When negotiating heads of terms and documenting the lease, this part explains what you need to know about.
Part 2: Disrepair, alterations and consent: This part examines the issue around consent for alterations from the point of view of both the landlord and tenant. It explains the best practice for requesting consent and the extent to which the landlord is required to act reasonably in responding. It also highlights how tenants can carry out alterations even in circumstances where the landlord objects.
Part 3: Escaping the rental commitment: Tenants needing to offload premises will typically seek to assign or sub-let them and this part explains the contractual and other considerations that they need to be aware of as well. It explains what a landlord needs to bear in mind when dealing with requests for consent and how a tenant can use available levers to get to their desired outcome.
Part 4: Expiry and turnaround: As lease expiry looms, both landlord and tenant need to be well-prepared for what comes next. Landlords will focus on disrepair and reinstatement of alterations and need advice on remedies. For tenants, lease termination can be fraught with difficulties – operating break options, navigating Dilapidations Protocols and identifying routes to termination under the 1954 Act